Unto Labs completed a $14.4 million financing round, led by Framework Ventures and Electric Capital.

ForesightNews · 2025-04-29T15:04:36+00:00

Unto Labs is a cryptocurrency company founded by former employees of Jump Crypto, having completed a funding round of $14.4 million, with a valuation of $140 million. The company plans to develop its own Virtual Machine, ThruVM, and will use the funding to recruit more employees. Founder Liam Heeger previously served as a core engineer at Jump Crypto and is currently driving the development of Unto Labs.

ForesightNews

2025-04-29 15:04:36

Abstract generation in progress

According to Fortune magazine, Unto Labs, a crypto company founded by former employees of Jump Crypto, has closed a $14.4 million funding round led by Framework Ventures and Electric Capital, valuing it at $140 million. Heeger is developing its own virtual machine, ThruVM, for the planned Unto blockchain, which will use RISC-V. Unto Labs will use the funding round to hire more employees and hopes to expand its team from 5 to 10 by the end of the year. Liam Heeger spent two years as a core engineer at Jump Crypto, where he was involved in the development of the company’s flagship product, Firedancer, a computer system connected to the Solana blockchain. In January, Heeger left his job to start his own business, and was immediately sued by his former employer, accusing him of creating a “competitive business.” Now, after the two sides have reached a settlement, Heeger has announced his new project

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